Create a new $5 billion Clean Power Fund to support electrification of Canadian industries and transition northern, remove, and Indigenous communities off diesel power, sourced through the Canada Infrastructure Bank's existing resources.
New Democrats will set a target to power Canada with net carbon-free electricity by 2030 and move to 100% non-emitting electricity by 2050. To drive this progress, we will establish a new Canadian Climate Bank. This bank will help boost investment in renewable energy, energy efficiency, and low carbon technology across the country. It will also provide support for interested provinces to inter-connect power grids and introduce smart grid technology to bolster Canada’s energy security and distribute clean power across the country. The Climate Bank will also support made-in-Canada manufacturing of renewable energy components and technologies, and help scale up Canada’s clean energy industry.
Meeting this carbon-free electricity goal in a way that respects local communities and creates good jobs is essential. We’ll support investments in innovative community-owned and operated clean energy projects to keep jobs and expertise local, work in partnership with Indigenous and northern communities to move off diesel, improve energy security, and cut emissions and air pollution.
Implement a major ramp-up of renewable electricity. By 2030, 100 per cent of Canada’s electricity will come from renewable sources. This includes getting remote and northern communities off diesel generators.
To enable renewable electricity to flow across provincial and territorial boundaries, implement a national electrical grid strategy, including building connections between eastern Manitoba and western Ontario, and upgrading connections between New Brunswick and Nova Scotia. This will be paid for with money now allocated for expanding the Trans Mountain pipeline ($1.6 billion announced in December 2018, towards an estimated $10-13 billion), and create thousands of jobs nation-wide.
Work with provincial governments to determine which orphaned oil and gas wells are geologically suited to produce geothermal energy. This will turn provincial liabilities into potential income-generating renewable energy, ideally in partnership with First Nations. Those with weaker geothermal energy potential may be used in district energy, including for greenhouses.